Jumeirah Village Circle, Dubai
JVC - one of Dubai’s greenest areas, perfect for families
Jumeirah Village Circle (JVC) is one of Dubai’s most attractive places for real estate investment. This neighborhood has a privileged location near business areas, highways, shopping malls, and green streets. The housing mainly includes business-class apartments, villas, and townhouses.
Projects in Jumeirah Village Circle, Dubai
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About district Jumeirah Village Circle
- Description
- Infrastructure
- Price Analysis
Jumeirah Village Circle is one of Dubai’s greenest areas developed by Nakheel. The average cost of real estate here is about half that of highly demanded Dubai Marina or Palm Jumeirah. Locals believe it’s the perfect location for families with kids – it is quiet, peaceful, and has many playgrounds and parks. These residential properties include JVC villas for sale, townhouses, and apartments (studios and multi-room luxury apartments).
You can see the first benefit of the JVC infrastructure right upon arrival – the new Al Maktoum airport is almost nearby. The main point of interest is Circle Mall JVC, with over 80 shops, complemented by about 30 parks, including large ones such as Circle Community Park and JVC Castle Park. In addition, there are kindergartens and international schools. It takes 20 minutes by car to get from Jumeirah Village Circle to Palm Jumeirah and the beaches.
Real estate in Jumeirah Village Circle is cheaper than the property of other business and tourist districts such as Business Bay or Downtown. Due to budget prices, the ROI reaches 12% per year, which makes JVC one of the most profitable areas for renting real estate. You can buy an apartment for $155.8 thousands or a four-bedroom townhouse for $870.0 thousands. Prices for square meters in Jumeirah Village Circle are increasing by 7-8% annually. Over time, the real estate here will become more liquid because the location is developing and expanding according to the Dubai 2040 Urban Master Plan.
Enjoy the exceptional benefits of Jumeirah Village Circle
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How to Invest in JVC Property
Dubai is perhaps the perfect choice for those foreign investors who want to invest in real estate. That’s where you can enjoy strong government support, earn money by renting out properties, and get the best profitability. Are you looking for luxury real estate? Or do you need affordable apartments for sale in JVC? Feel free to contact the Mira Estate agency for help. Among various real estate agencies in JVC, we are the one who will help you make a profitable investment in this growing market and deal with all the transaction issues!
Key Benefits of Owning Property in JVC
Tourists, expats, and investors are eager to purchase JVC real estate, which offers an ROI of 6%. This figure is comparable to the profitability of owning property in Business Bay or Downtown. When investing in JVC Dubai, you should take into account several positive factors:
- affordable prices – from $155.8 thousand per apartment;
- growth in cost – about 7-8% per year;
- no taxation – for resident individuals;
- high rental income – villas bring in from $2.8 thousand per month.
As for demand for apartments, JVC is not inferior to such elite coastal locations as Dubai Marina or Palm Jumeirah.
Types of Housing in JVC: Apartments, Villas, and Townhouses
This family-friendly area of 8.7 km2 has about 25,000 residents. The housing belongs to gated and compact communities. There are over 2,000 luxury villas and 3,100 townhouses in Jumeirah Village Circle. There are also small studio apartments and large apartments with four bedrooms.
Why Choose Jumeirah Village Circle for Real Estate Investment
The area’s developed urban and transport infrastructure provides a large flow of investments in JVC real estate. The Nakheel developer has implemented a circular design with radial streets going out from a central square for quick movement between the following points of interest:
- JSS International School, and in nearby areas - Sunmarke School and Nord Anglia;
- Life Clinic Al Barsha South and LIFE Medical Centre;
- Circle Mall JVC;
- Circle Community Park, JVC Castle Park, etc.
The neighborhood is close to the intersection of three road networks: Al Hail Rd, Mohammad Bin Zayed Rd, and Hessa Str. Property prices will only continue to grow here because, according to the Dubai 2040 Urban Master Plan, the area expects further development.
What might interest you
- What Is the Rental Yield of Real Estate in JVC?
Real estate in JVC Dubai is rented mainly by tourists and expats. They are interested in mid-priced villas (ROI is around 6-8%) and luxury villas (ROI is around 7%). Less expensive one-bedroom apartments bring about 7.8% per annum.
- What Are the Payment Terms for Buying Real Estate in JVC?
If you buy property in JVC, the developer may offer the following interest-free payment schedule for unfinished projects: 15% upon booking and 4% as a notary fee; 40% during construction; 10% upon delivery of key; 35% for the remaining 36 months. Buying completed and unfinished properties involves payments through the bank after providing the sales contract and invoice.
- What Types of Real Estate Are Available in JVC?
The JVC area is perfect for the comfortable living of young couples and families with children. You can choose from a developed network of communities with more than 2,000 villas and 3,100 townhouses. There are also small studios and large apartments with 1-4 bedrooms.
- Why Is JVC a Promising Area for Real Estate Investment?
Jumeirah Village Circle can boast its convenient location, well-developed urban infrastructure, and transport accessibility. This small, family-friendly area of 8.7 km2 has only 25,000 residents. They prefer a quiet environment, safety, and life among numerous green spaces. Within walking distance is Circle Mall JVC, dozens of cafes and restaurants, over 30 parks, four large clinics and dozens of schools.